Two Petaluma telecom companies report record profits

Two Petaluma telecom companies announced record third-quarter revenues Tuesday, reaching new milestones as they expand markets for their technology.

Calix, the telecom equipment developer, announced third-quarter revenues of $103.6 million, up 27 percent from a year ago.

"It was another very solid quarter for us, with revenues over $100 million for the first time," Michael Ashby, Calix's executive vice president and chief financial officer, told investors in a conference call.